Independent, expert advice

All the Spanish mortgage information you require when purchasing property in Spain. Changing the terms and conditions of Spanish mortgages is both expensive and difficult so ask an expert before you ask anyone else and make sure you are getting the best possible advice. After all, most mortgages in Spain are financial agreements stretching over 25 years or longer and once you are locked in there is very little you can do if and when you find out:

  • Your mortgage is based on an obscure (and expensive) base rate
  • The bank has changed the interest rate at the last moment leaving you with insufficient time to find another lender
  • The bank has changed the term at the last moment
  • The bank has added on compulsory and expensive life insurance which are contractually obliged to pay for the life of the mortgage
  • There is a far better lender with a far better rate but you are unable to back out and apply for their superior terms due to a pending completion date

These are unfortunately very common occurrences and we know this because almost 70% of all enquiries we receive are from unhappy Spanish mortgage holders desperate to switch to another lender. In 90% of cases we are unable to help due to the inflexible criteria applied to Spanish remortgages as well as the high costs (approximately 4% to 5%)

Obtaining a Spanish mortgage is not the same as obtaining a UK mortgage – these products are vastly different as is the marketplace here. Remember, the Spanish mortgage brokers are completely unregulated whereas all our brokers come from a UK financial (and heavily regulated) background. Many “mortgage brokers” and estate agents in Spain have been here 20 plus years doing things the “Spanish way” consequently they have little or no concept whatsoever of:

  • Best advice
  • Know your client rules and guidelines
  • Due diligence
  • Transparency

Why compromise yourself and risk your money? Yes we charge a fee but we also know exactly what we are doing and the best way to approach each and every case. When you are taking on a financial product that runs into hundreds of thousands of Euros wouldn´t you feel safer in the knowledge that your case is being handled by an true expert?

Contact us now and make sure you get the advice you deserve!

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